Decred/Bitcoin - A Good Rally Imminent
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DCRBTC started to rally around 30th May, 2018 at 0.00570000 and hit a high of 0.01496240. We've had a quick turn around after price wasn't able to climb above this point. Recently the pair hit 0.00908000 and had a quick bounce as bullish market participants drove price high. We believe this pair has a good setup for higher prices
The RSI had a quick bounce which indicates eagerness to see higher prices and the long term resistance seems to be turning support. Another bounce off it or no touch of it at all again will confirm this.
The MACD had its crossing with the recent price bounce and looks to still be heading up.
Our current uptrend line is also very much intact. Considering Bitcoin's recent bullish moves and our forecast to see $8,000, we believe this pair is going to see higher prices. This is how we would recommend interested participants to trade this pair:
Buy: 0.00980000 - 0.009850000
Sell Targets: 0.010330000 | 0.01250000 | 0.01440000
Stop Loss: 0.00900000
Current Price: 0.009840000
Period: It'll take about 2 to 6 weeks to achieve all targets
Note: When target are reached, selling is not supposed to happen. Only sell when target is broken up about 5% and price drops back down to previous target.
DCRBTC started to rally around 30th May, 2018 at 0.00570000 and hit a high of 0.01496240. We've had a quick turn around after price wasn't able to climb above this point. Recently the pair hit 0.00908000 and had a quick bounce as bullish market participants drove price high. We believe this pair has a good setup for higher prices
The RSI had a quick bounce which indicates eagerness to see higher prices and the long term resistance seems to be turning support. Another bounce off it or no touch of it at all again will confirm this.
The MACD had its crossing with the recent price bounce and looks to still be heading up.
Our current uptrend line is also very much intact. Considering Bitcoin's recent bullish moves and our forecast to see $8,000, we believe this pair is going to see higher prices. This is how we would recommend interested participants to trade this pair:
Buy: 0.00980000 - 0.009850000
Sell Targets: 0.010330000 | 0.01250000 | 0.01440000
Stop Loss: 0.00900000
Current Price: 0.009840000
Period: It'll take about 2 to 6 weeks to achieve all targets
Note: When target are reached, selling is not supposed to happen. Only sell when target is broken up about 5% and price drops back down to previous target.
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